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UNITED NATIONS, Jan. 13 (Xinhua) -- The Chinese government is actively promoting the relief of tension in Gaza, and China is ready to work with the international community to bring all the parties concerned back to the negotiation table at an early date in a bid to achieve the peaceful, just and durable settlement to the Palestinian-Israeli issue, a Chinese envoy said here Tuesday. Zhang Yesui, the Chinese permanent representative to the United Nations, made the statement as he was speaking at the closed-door meeting of the UN Security Council on the Gaza conflict, which has left more than 900 Palestinians killed and 4,000 others injured. Zhang told the Security Council that the Chinese special envoy on the Middle East issue, Sun Bigan, began his visit to Egypt, Israel and Palestine on Sunday for mediation for peace in the region. China is gravely concerned about the growing escalation of tension in Gaza, and it is regrettable to see that the new Security Council resolution, adopted last Thursday to call for an immediate, durable and fully respected ceasefire, went unheeded by warring parties, he said. At present, the top priority is to achieve the full implementation of the UN truce resolution -- the immediate ceasefire, the withdrawal of Israeli forces from Gaza, a halt to the firing of rockets into Israel by the armed Palestinian faction, and unimpeded access of Gaza to the humanitarian relief goods, he said. At the Tuesday council meeting, UN Secretary-General Ban Ki-moon briefed 15 council members on his upcoming visit to the Middle East, which will take him to Egypt, Jordan, Israel, Turkey, Lebanon, Syria and Kuwait.
BEIJING, Jan. 22 (Xinhua) -- China's economy cooled to its slowest pace in seven years in 2008, expanding 9 percent year-on-year as the widening global financial crisis continued to affect the world's fastest-growing economy, official data showed Thursday. Gross domestic product (GDP) reached 30.067 trillion yuan (4.4216 trillion U.S. dollars) in 2008, Ma Jiantang, director of the National Bureau of Statistics (NBS), told a press conference. The 9-percent rate was the lowest since 2001, when an annual rate of 8.3 percent was recorded, and it was the first time China's GDP growth fell into the single-digit range since 2003. The year-on-year growth rate for the fourth quarter slid to 6.8 percent from 9 percent in the third quarter and 9.9 percent for the first three quarters, according to Ma. Graphics shows China's gross domestic product (GDP) in the year of 2008, released by the National Bureau of Statistics (NBS) on Jan. 22, 2009. China's GDP reached 30.067 trillion yuan (4.4216 trillion U.S. dollars) in 2008, expanding 9 percent year-on-year. Economic growth showed "an obvious correction" last year, but the full-year performance was still better than other countries affected by the global financial crisis, said Zhang Liqun, a researcher with the Development Research Center of the State Council, or cabinet. He attributed the fourth-quarter weakness to reduced industrial output as inventories piled up amid sharply lower foreign demand. Exports, which accounted for about one-third of GDP, fell 2.8 percent year-on-year to 111.16 billion U.S. dollars in December. Exports declined 2.2 percent in November from a year earlier. Industrial output rose 12.9 percent year-on-year in 2008, down 5.6 percentage points from the previous year, said Ma. SEEKING THE BOTTOM Government economist Wang Xiaoguang said the 6.8-percent growth rate in the fourth quarter was not a sign of a "hard landing," just a necessary "adjustment" from previous rapid expansion. "This round of downward adjustment won't bottom out in just a year or several quarters but might last two or three years, which is a normal situation," he said. A report Thursday from London-based Standard Chartered Bank called the 6.8-percent growth in the fourth quarter "respectable" but said the data overall presented "a batch of mixed signals." It said: "We probably saw zero real growth in the fourth quarter compared with the third quarter, and it could have been marginally negative." The weakening economy has already had an impact on several Chinese industrial giants. Angang Steel Co. Ltd. (Ansteel), one of the top three steel producers, said Wednesday net profit fell 55 percent last year as steel prices plunged. It cited weakening demand late in the year. However, officials and analysts said some positive signs surfaced in December, which they said indicated China could recover before other countries. December figures on money supply, consumption, and industrial output showed some "positive changes" but whether they represented a trend was unclear, said Ma. Outstanding local currency loans for December expanded by 771.8 billion yuan, up 723.3 billion from a year earlier, according to official data. Real retail sales growth in December accelerated 0.8 percentage points from November to 17.4 percent. Industrial output also accelerated in December, up 0.3 percentage points from the annual rate of November. Wang Qing, Morgan Stanley Asia chief economist for China, said GDP growth would hit a trough in the first or second quarter. China will perform better than most economies affected by the global crisis and gradually improve this year, he said. Zhang also predicted the economy will touch bottom and start to recover later this year, depending on the performance in January and February. Zhang forecast GDP growth of more than 8 percent for 2009, based on the assumption that domestic demand and accelerating urbanization would help cushion China from world economic conditions. Wang Tongsan, an economist with the Chinese Academy of Social Sciences, said whether GDP growth exceeds 8 percent this year depends on how the world economy performs and how well the government stimulus policies are implemented. Ma characterized the "difficulties" China experienced in the fourth quarter as temporary, saying: "We should have the confidence to be the first country out of the crisis." Overall, the economy maintained good momentum with fast growth, stable prices, optimized structures and improved living standards, said Ma. China's performance was better than the average growth of 3.7 percent for the world economy last year, 1.4 percent for developed countries and 6.6 percent for developing and emerging economies, he said, citing estimates of the International Monetary Fund. "With a 9-percent rate, China actually contributed more than 20 percent of global economic growth in 2008," said Ma. He said the industrial structure became "more balanced" last year, with faster growth of investment and industrial output in the less-developed central and western regions than in the eastern areas. Meanwhile, energy efficiency improved: energy intensity, the amount of energy it takes to produce a unit of GDP, fell 4.21 percent year-on-year in 2008, a larger decrease than the 3.66 percent recorded in 2007, said Ma. WORRIES ABOUT CONSUMPTION A slowing economy poses a concern for the authorities, which they have acknowledged several times in recent weeks, as rising unemployment could threaten social stability. It could also undermine consumer spending, which the government is counting on to offset weak external demand. The government has maintained a target of 8 percent annual economic growth since 2005. China announced a 4 trillion-yuan economic stimulus package in November aimed at boosting domestic demand. Retail sales rose 21.6 percent in 2008, 4.8 percentage points more than in 2007, said Ma. Ma said he believed domestic consumption would maintain rapid growth as long as personal incomes continue to increase and social security benefits improve. Urban disposable incomes rose a real 8.4 percent last year, while those of rural Chinese went up 8 percent, he said. Analysts have warned that consumption could be affected if low rates of inflation deteriorate into outright deflation and factory closures result in more jobless migrant workers. The urban unemployment rate rose to 4.2 percent at the end of 2008, up 0.2 percentage point year-on-year. Ma said about 5 percent of 130 million migrant workers had returned to their rural homes since late 2008 because their employers closed down or suspended production. Other officials have said that 6.5 percent or even 10 percent of migrant workers have gone home after losing their jobs.
BANDAR SERI BEGAWAN, Brunei, Nov. 9 (Xinhua) -- Senior leader of the Communist Party of China (CPC) Zhou Yongkang met with Brunei Foreign and Trade Minister Prince Mohamed Bolkiah on Sunday evening. The meeting came as Zhou made a transit stop in Brunei on his way back to China. Zhou, one of the nine-member Standing Committee of the Political Bureau of the CPC Central Committee, hailed the sound and smooth growth of China-Brunei ties since the two forged diplomatic ties in 1991. Zhou said that particularly in recent years, the all-round friendly cooperation between the two countries has been strengthened, thanks to the joint efforts of leaderships, governments and peoples of the two countries. China and Brunei have been understanding, supporting and closely cooperating with each other on regional and international issues, he said. Zhou also lauded Brunei's role as a coordinator in deepening the strategic partnership between China and the Association of Southeast Asian Nations (ASEAN). Zhou said China would continue to pursue its long-term neighbor friendship with Brunei and would like to work with Brunei to take the relations to a new high. Mohamed congratulated China on successfully hosting the Beijing Olympics and the summit of Asia-Europe Meeting(ASEM). The friendship between the peoples of China and Brunei can be traced back to the time earlier than the establishment of diplomatic ties, he said. He pledged Brunei would support China's increasingly important role in regional and international affairs. He said Brunei would like to work with China to seek common development. Before his transit in Brunei on Sunday, Zhou concluded his fortnight trip to the three Asia-Pacific nations, namely Vietnam, Indonesia and Australia.
BEIJING, Nov. 2 (Xinhua) -- Chinese President Hu Jintao and Tongan King Taufa'ahau Tupou V exchanged congratulatory messages on Sunday to celebrate the 10th anniversary of the establishment of bilateral diplomatic relations. Hu said in the message that the establishment of diplomatic ties between the two countries on Nov. 2, 1998 opened a new chapter in bilateral relations. Over the past 10 years, the bilateral ties have been continuously solidified and strengthened, he added. Hu said the establishment and development of bilateral ties have brought real benefits to the two peoples and promoted the stability and development of the Pacific Islands Region. China is willing to make joint efforts with Tonga, on the basis of the Five Principles of Peaceful Coexistence, to further strengthen bilateral exchanges and cooperation, boost the two peoples' friendship and understanding and lift China-Tonga friendly and cooperative ties to a higher level, thus making new contribution to the stability, development and progress of the two countries and the region as a whole, he said. Tupou V said it was farsighted for former King Taufa'ahau TupouIV to make the decision to build diplomatic ties with China 10 years ago. The development of the ties has benefited the two peoples greatly, he said, adding the Tongan government will continue to abide by the one-China policy.
BEIJING, Oct. 15 (Xinhua) -- China and Pakistan on Wednesday signed more than 10 deals ranging from trade and minerals to agriculture and satellites. The package of agreements came out of a two-hour summit at Beijing's Great Hall of the People as China rolled out the red carpet for Pakistan President Asif Ali Zardari, who is on his first state visit to the country since taking office in September. Zardari was welcomed by President Hu Jintao and received a 21-gun military salute at the Tian'anmen Square, festooned with the national flags of China and Pakistan. During the meeting, Hu reviewed the close bilateral ties, particularly the days of the Bhutto family. "Your entire family are old friends of the Chinese people," Hu told Zardari. "We will never forget the outstanding contribution Benazir Bhutto and Zulfikar Ali Bhutto had made to boosting ties with China." Visiting Pakistan President Asif Ali Zardari (R) reviews the honour guard with his Chinese counterpart Hu Jintao during the welcoming ceremony held by Hu Jintao at the Tian'anmen Square, in Beijing, China, on Oct. 15, 2008. Asif Ali Zardari arrived here on Wednesday for his first state visit to China since taking office in September. Zardari's late wife, Benazir Bhutto, was assassinated in December 2007, and her late father, Zulfikar Ali Bhutto, had also served as Pakistan president. While reviewing the 57-year-old diplomatic ties, Hu attributed its sound and smooth growth to the leadership of the two nations, among others. He said China had always given priority to its relation with Pakistan, an important neighbor and strategic partner. Zardari said he was grateful for "the warm welcome that you have shown us and the love and affection that I can feel from across the aisle." "The only way I could do justice to the memory of my late wife and father-in-law was to make sure that I made my first presidential trip to China," the 53-year-old said. "I am hoping to assist the Pakistan-China relationship and take it further along. It's a duty history has bestowed upon me." On the economic front, Hu said the two countries were enjoying robust cooperation in economy and trade. They should continue to implement their free-trade pact, five-year trade program and other joint deals. He also proposed the two nations create new areas and explore new ways of cooperation. "China and Pakistan should vigorously boost border trade so as to bring more substantive benefits to their citizens." Zardari said the two should carry out big projects and work more closely in infrastructure, transport, environmental protection and finance, among others. The two leaders agreed to step up people-to-people exchanges and cooperation in culture, education, health and journalism. Hu thanked Pakistan for its support on issues concerning Taiwan and Tibet. He also appreciated Pakistani efforts in backing Beijing's hosting of the Olympic Games. Zardari reaffirmed Pakistan's adherence to the one-China policy and support of China's peaceful reunification, They also agreed on enhancing coordination and collaboration on international and regional issues, cooperating on addressing global challenges and ensuring peace, stability and development in the world. As part of his four-day trip, Zardari is also scheduled to meet with other Chinese leaders, including top legislator Wu Bangguo, Premier Wen Jiabao and top advisor Jia Qinglin on Thursday.